Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

Per management, the latest development solidifies the company’s position in the South East of England apart from strengthening the trust’s relationship with Allscripts.

In 2015, East Kent Hospitals University NHS Foundation Trust and Maidstone and Tunbridge Wells NHS Trust of the United Kingdom deployed Allscripts PAS (Patient Administration System). Notably, PAS is a suite of products that was developed specifically for the U.K. healthcare sector.

Coming back to the news, the trust, which already uses Allscripts PAS, will roll out the Sunrise clinical suite to focus on improving patient outcome.

In the recently reported second quarter, Allscripts released a new version of Allscripts PM (Practice Management) — a comprehensive revenue cycle management solution.

Market Prospects

Per MarketsandMarkets, the global EHR market is projected to reach a value of $1,403.2 million by 2021, at a CAGR of 20.8%. Government initiatives and incentive programs along with increasing focus on reducing medical errors keep the market going strong.

Hence, Allscripts’ latest move can be assessed as a timely and strategic one.

More on Sunrise

Allscripts Sunrise is a fully integrated platform that connects all clinical and financial aspects of a hospital or health system for inpatient, emergency and outpatient care.

In the recently reported second quarter, Allscripts signed a five-year deal with Clark Memorial Hospital to extend their business with the addition of Sunrise Surgical and Anesthesia modules.

Allscripts’ Sunrise clinicals will also be implemented by the Singapore Ministry of Health later in 2018 at the 14,000-bed SengKang General and Community Hospitals system.

Price Performance

In the past year, shares of Allscripts have rallied 9.6% compared with the industry’s rise of 13.2%.

We believe that developments such as these will provide cushion to the stock.

Zacks Mobile App

Zacks Research is Reported On:

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.99% per year. These returns cover a period from January 1, 1988 through December 3, 2018. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service.